Japan Stock Boom Seen Driven by Profits That Still Hinge on Yen
- Bumper crop of corporate profits expected on yen weakness
- Forex boost could fade after latest results, Daiwa says
Images of Electronic Stock Boards As Nikkei and Topix Index Edge Up
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
After a record-breaking surge in Japanese blue-chip stocks amid all-time high corporate profits, the question is how long can the momentum last.
The Nikkei 225 Stock Average finally dipped Wednesday, after a 16-day winning streak that took it to the highest level since July 1996. The run-up led into the reporting season for the July-September quarter, which began in earnest this week.